Consider the Following Short Case as You Respond to the Next

question 32

Multiple Choice

Consider the following short case as you respond to the next nine questions: ABC Consulting's employees include management, consultants and office staff.The company accepts engagements related to internal control design and evaluation, as well as enterprise risk management plans.A customer can purchase the two services independently of one another.The office staff bills clients on a monthly basis with terms of 2/10, n/30.All consulting clients must sign a contract, which is also signed by an ABC manager.One member of ABC's management team assigns at least one consultant to work with the customer until the engagement is complete.Consultants can be assigned to multiple engagements simultaneously, but every consultant must always be working on at least one engagement.Each client may have only one contract with ABC at a time.How many agents would be depicted in the rightmost column of a REA model of the case?

• A)One
• B)Two
• C)Three
• D)None.Agents do not appear in the rightmost column of a REA model.

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Definitions:

Type-I Survivorship

A survivorship curve characterized by high survival rates of the young and middle-aged, with most mortality occurring among the elderly.

Surviving

Surviving refers to the act or process of continuing to live or exist, especially in spite of challenging circumstances or threats to existence.

R-Selected Species

Species characterized by high reproductive rates, short lifespans, and a focus on quantity of offspring rather than quality.

Lifespan

The maximum duration of life for an individual of a species.